Ezbob trailblazes with 10 min applications

Ezbob trailblazes with 10 min applications

Ezbob has revealed that it approved 350 new loans last month, following the launch of its 10-minute online application process….

Ezbob has revealed that it approved 350 new loans last month, following the launch of its 10-minute online application process…

Ezbob, the online short-term commercial SME lender, has announced that it is seeing more engagement from brokers, after its soft launch to intermediaries has exceeded expectations.

It has been revealed that last month, the SME lender managed to approve 350 new loans, because intermediaries, commercial specialists and mortgage brokers becoming more aware of Ezbob’s 10-minute online application.

The lender’s unique online service offers unsecured short term business funding that can be agreed and completed within hours of online application, where Ezbob continues to develop and further enhance its process.

Commenting on the recently launched online process, Sharone Perlstein, Director, said that the main attraction for brokers has been twofold.

Sharone said: “Primarily, brokers have been amazed at how easy and hassle free the process is. At a time when they and their clients are finding it extremely difficult to find the liquidity they need from traditional sources, even those that they do approach have made the process of application into an obstacle course.

“Ezbob’s simple 10 minute online loan application process is coming as something of a revelation. On top of that, the decision making is happening on the same day as is the funds drawdown in most cases.”

Ezbob, which is a patron of the NACFB, is exhibiting at the NACFB Expo in Birmingham on the 25th June, as well as sponsoring the pre Expo drinks party on the evening before.

Sharone added: “I am looking forward to meeting new brokers at the NACFB Expo and demonstrating how we can help them and their clients draw down funding quickly and with the minimum of hassle.”

Talking about the efficiency of the online-lending process, Phillip Evans, Principal at commercial finance specialist Enable Finance, commented: “We have been delighted to find there is a lender to whom we can turn when business clients need immediate funding.

“Ezbob delivers exactly what it promises. We have done our fastest £50,000 business loan ever with Ezbob.  It took just hours from submission to funds ready for draw down. Online lending like this is definitely the way forward.”

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